The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is PayPal Holdings (PYPL) one of those stocks right now? By taking a look at the stock’s year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.
PayPal Holdings is a member of the Computer and Technology sector. This group includes 630 individual stocks and currently holds a Zacks Sector Rank of #15. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. PYPL is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for PYPL’s full-year earnings has moved 1.10% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, PYPL has returned 29.67% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 19.23% on a year-to-date basis. This means that PayPal Holdings is performing better than its sector in terms of year-to-date returns.
Breaking things down more, PYPL is a member of the Internet – Software industry, which includes 122 individual companies and currently sits at #200 in the Zacks Industry Rank. On average, stocks in this group have lost 2.14% this year, meaning that PYPL is performing better in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track PYPL. The stock will be looking to continue its solid performance.
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PayPal Holdings, Inc. (PYPL) : Free Stock Analysis Report
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